I agree with you, price might retrace to 1.2250-1.2300 then go up from there. 1.28-1.30 might be a stretch mid to long-term but who knows. Just my take. Thanks.

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Patience (and discipline) is a virtue. Very true for trading and investing.

Gold

Sitting on the sidelines as I see the market is in a "mini" consolidation after that strong up move. Eyes on UJ this time.

Gold

Will wait for the price to retrace to 1.22 area then look for trading set-ups for a potential long trade

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Not really, will be on breakeven if you mean price falling further

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Still here. Why you ask?

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I am more of a longer term trader Sir. Normally trades on the 4Hr but also on the daily.

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Well said also Sir. Thanks

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I respect your opinion, but as what Ive learned so far in my trading career, anything can happen. I have biases since I'm long, yes, but I have an exit plan in case what you call circumstances indeed make the price goes further south. I also have ...

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Because reversal can happen?

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My guess.

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Been reading the posts here, most are very valuable for my own trading. Learned so many things but the 3 important things I learned, which I always need to be mindful regarding technicals: 1. Structure (the context: going up, down or sideways) 2. ...

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Hello! Is there an available indicator already that alerts you whenever there's a formation of engulfing candle along an EMA, say 50 EMA or 200 EMA, in any time frame? Thanks.

I will code your EAs and Indicators for no charge

Needs to break the 200 EMA in both 4 Hr and Daily TF which apparently is currently acting as resistance for this to happen.

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Again, thanks a lot!

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Thank you very much for clearing this up. made a lot of sense. Regarding your question, if I based it on my system, I will wait for the price to break the line you drew then wait for the price to come back to the area. Then if there is a valid entry ...

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Hi! I'm sorry if I'm bugging you on this one. I want to learn as much as I could from traders in this forum. How are you able to say that long on UJ was confirmed in H1 and you are correct? I think I'm just missing something here since in my view, ...

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I think you are missing the resistance in the area as shown by the two areas to the left of your chart. Won't trade long until that is cleared.

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My strategy includes closing my trades before any major impact news, then waiting for the dust to settle before entering another trade which still is according to the market structure and price action whatever the news is saying.

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Also, from a technical point of view in the 1 HR DXY chart. Encircled are areas of reversal. Price is respecting the 200 EMA as resistance, while the area around 101.xx as support, for now...

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